China Launches 1st Class-Action Lawsuit as Regulators Vow to Fight Accounting Fraud April 19, 2021 SHANGHAI – China launched the country’s first class-action lawsuit against a listed company on Friday, targeting Kangmei Pharmaceutical Co, as...
Guy Carpenter Names Co-Heads of Cyber, Hiring Swiss Re’s Cordonnier, Promoting Davis April 19, 2021 Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the appointment of Anthony Cordonnier as managing director...
Arthur J. Gallagher Invests in Broker ACE via Partnership with Dubai’s MIG Group April 19, 2021 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has agreed to a strategic partnership with...
SCOR Reports 4.3% Increase in Reinsurance Prices During April Renewals April 19, 2021 French reinsurer SCOR said it benefited strongly from continued improvements in pricing and terms and conditions, during the April 1,...
China’s Ant Eyes Options to Divest Founder’s Stake as Beijing Pressure Grows: Sources April 19, 2021 By Julie Zhu HONG KONG – Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology...
Praedicat Launches Risk Scenario Platform to Widen Cross-Line Clash Analysis April 16, 2021 Praedicat Inc., the Los Angeles-based liability emerging risk analytics company, announced the launch of its new Risk Scenario Analysis Platform,...
Willis Towers Watson Launches ‘Radar Workbench’ for Commercial Underwriters April 16, 2021 Insurance broker Willis Towers Watson has launched Radar Workbench, new software technology aims to transform the performance of frontline commercial...
Many Climate Scientists Moving from Fieldwork to Jobs in Financial Services April 16, 2021 By Iain Withers, Carolyn Cohn and Simon Jessop LONDON – Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought...
Impact of Brexit on City of London Is Worse than Expected: Study April 16, 2021 By Huw Jones LONDON – Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in...
UK Space Industry Aims to Remove Dangerous Space Junk from Orbit April 16, 2021 By Thomas Pfeiffer and Thomas Seal A defunct satellite spent early April hurtling through space toward the body of an old rocket, threatening a collision that...